clems

Can definitely sympathize with the overnight. If I had big gains, I'd likely close overnight as well. In regards to the market order, I know that you won't get exactly what your stop is set at. But aren't you ok accepting only 30% (assuming a market order at your 40% limit price would only end up netting you 30%) for the chance at 400%? You still end up with 30% and soooo many of these have ended up running well past 40% if they get there. Thank you for your insight!

is there a reason why most of you are just exiting rather than setting a super tight stop-loss? Especially for these options we're expecting to run, setting a hard limit on gains seems like you are chopping your knees off. I could have closed ADI for a 40% gain early in the day, but instead I'm booking nearly 400% because I just keep rolling up my stop loss until it took a big enough dip to get hit. Same thing on INTU, just not nearly the same extent. Just a newbie asking an honest question. Not judging styles, just curious if I'm missing something.

I don't think TradeHawk has ALL of those options, but it does have integrated performance tracking built-in to the software (feature is called strategies). This allows you to simply select a filled order, and add to your log under teh appropriate 'strategy'. They have a 30 day trial, would highly recommend checking it out. I've asked for more 'reporting' features from this as well and if others ask I'm sure they'll prioritize. I did use tradeportfoliomanager for a bit, but was doing everything manually, when tradehawk implemented strategies, I stopped. Let me know if you have other questions. Good luck.

You can pay 40$ a month or the .35 for commissions. You dont' get the $49 waived unless you pay the .35 per contract. But you can combine the $40 + $ 49 flat fees.

https://tm.cmlviz.com/faq/squeeze_technicals.php in case you hadn't seen it yet...

It was a 100% winner over the period examined, so there was no drawdown. The margin held for each trade is indicated by the 'risked' line item in each box. In this case, it was $850 - $1000 per trade. Too much for the return for me.

I plan on entering near end of day.

@ales19 It also has a 30 day free trial so if you try and don't like, no harm.

Better alternative: they have an app in the app stores that the client will request you to click on 'yes, login' in order to login. Would highly recommend this over an unencrypted digital picture of your card.

yes, in both IB and Tradier.

Cool deal. Dont' be afraid to reach out to the devs if you have questions issues. They are very open to feedback and happy to help with problems. Hope you like it!

Thanks! Learn something every day.

I have 3 accounts: 1) Margin Brokerage 2) Trad IRA 3) Roth IRA I can only be viewing one of them at a time. So if I have positions in my margin account that I dont' in my IRA and my IRA is what is being displayed at the moment, I won't hear the fill. Re: Trend option chains. Yep, true story. Every platform has pros and cons. I find it to be very easy to get to the strikes I want compared to other platforms and I can leave the chain open in the background if I want to switch back to it soon. Re: Wisp - Again, everyone has their preferences. I personally have found this very easy to use. Either I'm clicking on a new tab, or I'm scrolling a bunch. either way works fine for me. Again, all preferences. IF you want to see it in action (with filled positions and orders) let me know. Happy to screen share for you.

- There is sounds on fills, but only for the 'active' account. This is a feature that is on my request list for them. - No. But there is a save trade feature that I've not played with yet. I do wish this was available. - No, I keep meaning to ask this, but I'm pretty sure this is a Tradier restriction. - No. But I like this idea and will add to feature list. FWIW, you can have 20 different option chains open in Trend. right click the symbol and click option chain. - Yes. It's actually quite good in the implementation. - Their "Wisp" view is quite good for looking at the chain IMO. Hard to explain, but would be happy to screen share and show you. - Yes, but it clears daily, unsure if you can pull archive data from this. again happy to show you. - Yes. This annoys me in Trend as well. Let me know if you want to hop on discord to discuss further. Happy to.

Another update on TradeHawk. They've got a functional 'Strategies' screen now. You are able to select filled orders and add them to a custom 'strategy'. This strategy will track the performance of a series of trades over time to allow you to easily gather P/L without almost no effort or external spreadsheets/input. Free trial for 30 days, so I'd highly recommend checking it out. Dont' have time to gather screenshots for you, but happy to help if have questions on how it works.

Tradehawk is introducing a new feature soon called Strategy builder which will allow you to add your transactions to a 'strategy' and it will keep track of your P/L of each position. Super excited for when this is completed. Still in 'beta' right now. In the meantime i've been using www.tradeportfoliomanager.com

I'm using both right now, and the biggest drawback to TradeHawk right now is their risk graphing/what-if scenarios. I really like how Trend has done that. Also their charting is lackluster (but there's lots of resources for that). if you are looking for something to easily see your current portfolio status and enter trades without much hassle, Tradehawk is perfect. If you want a few more analysis tools, I like Trend better. I'm going to continue to pay for Trend for the risk graph by itself. (Mostly for non-SO stuff).

That said, the math is pretty easy. $40 (per account) for unlimited trading. $0.35 per contract (open and close - $0.70 round trip) 40 / .35 = 114.3 So 115 contracts would be your breakeven point. Assuming you take: 10 hedged straddle trades a month Straddle trades last 3 weeks You use 3:1 ratio on all positions You don't have to roll longs (to rebalance to delta neutral) 3 (open) x 3 (close) x 10 longs = 60 contracts 4 (open per straddle) x 10 (straddles) x 2 (weeks of selling premium prior to earnings) = 80 contracts Just that math puts you over the 115 mark. I have a hard time imagining anyone doing fewer than 115 contracts in a month (who is serious about option trading)

1) Some people have multiple accounts - it's $40 per account for unlimited trading. (Mind you it would take 7+ accounts to overcome this difference) 2) Most people that choose Tradier use their base fees (I'm assuming). Another point....you likely won't get the $50 waived after 300 contracts if you aren't paying the .35 ....Still worthwhile to use the $40 option for sure.

Nice! Thanks for reporting back! That's awesome! This is a GREAT deal.

@akito No ticket minimums through Tradehawk. Just .35 and that's it.

@apsoccermd I just reached out to the Devs at TradeHawk. They confirmed a new pricing plan that's available (website hasn't been updated yet). Below are the details: The new pricing came out. The Pro version is $49 per month with a la carte pricing on options, meaning $.35 per contract. Once someone hits 300+ contracts for the month the $49 is waived. The key on this plan compared to the Elite which is $299 unlimited is determining as a trader how many contracts on average per month you trade. So, some where around 800 contracts and lower, you’re better on the Pro whereas he active monthly traders should opt for Elite. NOTE: This likely CANNOT be combined with unlimited options trading (from STEADY-O13 coupon code @ Tradier) - Found this out the hard way, but you'd have to ask TradeHawk to know for sure. As @SBatch mentioned, there is a 30 day free trial. Would recommend checking it out. Also would recommend scheduling a demo to show you the nice little things the platform can do. Hope that helps. Clems

@akito @Noah Katz Noah is correct that neither Tradier or Trend do this. However, with Trend, you can select multiple legs and go to a Risk Graph where it will show you where the expected p/l would be at different strikes AND will show you how much your spread is worth if you sold at the 'last' price. I've found this to be much easier to use than IBs (as a comparison). An alternative for you is TradeHawk, (mytradehawk.com). Currently, this platform is $300 a month, but includes unlimited stock + option trading on all of your accounts. They are looking at implementing a new pricing structure where it would be $50 a month + .35 per contract (no minimums) and if you generate $50 in commissions during the month, the $50 base fee would be waived. - I don't know when this will happen (or if it will for sure). But keep in mind, if you have 2-3 accounts, you have to pay $40 per month per account. So you'll pay a bit more for the $300, but you'll save MUCH more than that depending on how many trades you are taking over the month (compared to other brokers). In return, the software is really good. They just added a feature to it to allow you to manage your 'Strategies'. It's currently in a BETA form, but soon it will allow you to take your current orders/positions, add them to a strategy, and it will track the performance of that end-to-end. By default in the Portfolio screen (called 'Risk') they group them in a very meaningful way that shows your compiled P/L for symbols/expirations. Example of my account attached. If I had multiple expirations under a single symbol, it would show the P/L of each expiration. I have a lot of feedback into the TH team about Strategy Builder to help make it better. Once it's at a better spot, I'll be making a full review post of TradeHawk with additional information and expect this to be the most slick way I've found for managing your different trade strategies. Hope this helps...

@Sirion It appears as no. I just tried to do a lookup on them, neither pulled up. There is definitely a limited product selection at Tradier. I'm guessing that it's not just the data, but the product itself that's missing in this case, but cannot verify.

@Sirion Tradier provides real-time data at no charge. Most platforms that interact with Tradier utilize this feed for their data streams (at least most of them that I've tried do). Trend, TradeHawk, ONE, all can use Tradier's data feed.